Oklahoma City Metro Residential Real Estate Market Report * January 2016 * Top Real Estate Broker / Agent * The Crew * Homes, Land, Farm & Ranch
January 2016 Oklahoma City Metro Real Estate Market – Year over Year Stats
1) Total # Closed INCREASED (1.59 %) - GOOD
2) Total $ Volume DECREASED (-1.04 %) - BAD
3) Average Price DECREASED (-2.59 %) – BAD
4) Median Price INCREASED (4.90%) - GOOD
5) Average Interest Rate INCREASED – FROM 3.58 TO 3.96
6) Selling Price to Listing Price FLAT (From 97% flat to 97%)
If it goes above 6% = Buyer’s Market
7) Days on the Market (now 58, last year 75) - GOOD
8) Inventory INCREASED (10.80 %) – BAD
How is the Oklahoma City / Edmond Real Estate Market for January 2016, the Oklahoma City / Edmond Metro Real Estate Market is FLAT for January 2016, compared year over year. We have 3 Goods and 3 Bads and a couple either ways (interest and SP to LP). If you really want to sell your home right now, price it right and MOVE. With inventory rising, prices may be dropping.
As always, if you are thinking about Selling or Buying a home, call us at 405-315-7965, the Oklahoma Real Estate Crew is here to help. This Real Estate Market video has been completed by Josh Barnett, Broker Manager of Oklahoma Real Estate Crew and details from the stats can be found by clicking this link (Stats Found At…). Please be sure to “like” this video and “share” with your friends.
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